Commercial Real Estate Market in Williamsburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
192 active listings and 2,122 off-market properties in Williamsburg, VA. Commercial property asks $95/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Williamsburg, VA spans 157.5 square miles in James City County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Williamsburg, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Williamsburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Williamsburg, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Williamsburg, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 46.4%
- Special 13.2%
- Mixed use 8.8%
- Commercial 5.7%
- Planned_development 2.7%
- Civic 1.4%
- Industrial 0.6%
Largest Zones share of zoned land by district
Single Family Dwelling
William And Mary District
Single Family Dwelling
Museum Support
Colonial Williamsburg Historic Area
Single Family Dwelling (RS-1)
This district is established as a single-family residential area with low population density. The regulations for this district are designed to stabilize and protect the essential characteristics of the land and to promote and encourage a suitable environment for family life.
Market overview
Demographics & Economy
Williamsburg, VA has 97,012 residents in 43,074 households. Density runs 616 people per square mile. Median household income here is $102,374 and median gross rent $1,479 a month.
97,012
Population
43,074
Households
2.3
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
157.5 sq mi
ZIP Area
616
Density / Sq Mi
$102,374
Median Household Income
$43,456
Median Earnings
$1,479
Median Rent
$411,439
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Surry | — | — |
| Lightfoot | — | — |
| Claremont | — | — |
| Norge | — | — |
Commercial property in Williamsburg, VA asks $95/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Williamsburg?
Commercial property in Williamsburg, VA asks an average of $95 per square foot. The 7 most recent recorded sales traded at a median of $183/SF.
How much does it cost to lease commercial space in Williamsburg?
Asking lease rates in Williamsburg, VA average $15.00 per square foot per year.
Where does Realmo's Williamsburg market data come from?
Realmo compiles Williamsburg, VA figures from 7 recent recorded sales, 141 active sale listings, 51 active lease listings, 2,122 tracked off-market properties, the current Williamsburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 141 active for-sale and 51 active for-lease listings in Williamsburg, VA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,080 zoned acres across 34 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
